IMMO ELLEN EN TIM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO ELLEN EN TIM
Largest movements
- Receivables within one year +€26,690
up €26,690 (+200.5%), from €13,310 to €40,000
of which Trade receivables: +€26,690
- Tangible fixed assets -€15,704
down €15,704 (-3.8%), from €409,578 to €393,874
of which Land and buildings: -€14,454
- Deferred charges and accrued income -€11,000
down €11,000 (-100.0%), from €11,000 to €0
- Debts after one year -€50,577
down €50,577 (-25.7%), from €196,848 to €146,271
- Reserves +€43,500
up €43,500 (+14.0%), from €310,000 to €353,500
- Financial income +€30,000
up €30,000 (+300.0%), from €10,000 to €40,000
- Gross operating margin -€15,436
down €15,436 (-20.8%), from €74,043 to €58,607
- Taxes +€7,222
up €7,222 (+74.9%), from €9,641 to €16,863
- Financial charges -€2,955
down €2,955 (-14.1%), from €20,951 to €17,996
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,189 | €787,824 | +€3,635 | +0.5% |
| Fixed assets | 21/28 | €759,578 | €743,874 | -€15,704 | -2.1% |
| Tangible fixed assets | 22/27 | €409,578 | €393,874 | -€15,704 | -3.8% |
| Land and buildings | 22 | €404,423 | €389,969 | -€14,454 | -3.6% |
| Plant, machinery and equipment | 23 | €1,361 | €959 | -€402 | -29.5% |
| Furniture and vehicles | 24 | €3,794 | €2,946 | -€848 | -22.3% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €24,611 | €43,950 | +€19,339 | +78.6% |
| Amounts receivable within one year | 40/41 | €13,310 | €40,000 | +€26,690 | +200.5% |
| Trade receivables | 40 | €13,310 | €40,000 | +€26,690 | +200.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €301 | €3,950 | +€3,649 | +1211.7% |
| Deferred charges and accrued income | 490/1 | €11,000 | €0 | -€11,000 | -100.0% |
| Total equity and liabilities | 10/49 | €784,189 | €787,824 | +€3,635 | +0.5% |
| Equity | 10/15 | €422,128 | €464,223 | +€42,095 | +10.0% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €310,000 | €353,500 | +€43,500 | +14.0% |
| Distributable reserves | 133 | €310,000 | €353,500 | +€43,500 | +14.0% |
| Profit (loss) carried forward | 14 | €2,128 | €723 | -€1,405 | -66.0% |
| Amounts payable | 17/49 | €362,061 | €323,602 | -€38,460 | -10.6% |
| Amounts payable after more than one year | 17 | €196,848 | €146,271 | -€50,577 | -25.7% |
| Financial debts | 170/4 | €196,848 | €146,271 | -€50,577 | -25.7% |
| Amounts payable within one year | 42/48 | €165,184 | €176,901 | +€11,717 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €47,513 | €50,577 | +€3,064 | +6.4% |
| Trade debts | 44 | €1,200 | €8,632 | +€7,432 | +619.4% |
| Suppliers | 440/4 | €1,200 | €8,632 | +€7,432 | +619.4% |
| Taxes, remuneration and social security | 45 | €14,494 | €17,088 | +€2,594 | +17.9% |
| Taxes | 450/3 | €14,494 | €14,988 | +€494 | +3.4% |
| Remuneration and social security | 454/9 | €0 | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €101,976 | €100,603 | -€1,373 | -1.3% |
| Accrued charges and deferred income | 492/3 | €30 | €430 | +€400 | +1334.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,189 | €15,704 | +€515 | +3.4% |
| Other operating charges | 640/8 | €4,754 | €4,290 | -€464 | -9.8% |
| Gross operating margin | 9900 | €74,043 | €58,607 | -€15,436 | -20.8% |
| Operating profit (loss) | 9901 | €54,100 | €38,613 | -€15,487 | -28.6% |
| Financial income | 75/76B | €10,000 | €40,000 | +€30,000 | +300.0% |
| Recurring financial income | 75 | €10,000 | €40,000 | +€30,000 | +300.0% |
| Financial charges | 65/66B | €20,951 | €17,996 | -€2,955 | -14.1% |
| Recurring financial charges | 65 | €20,951 | €17,996 | -€2,955 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €43,149 | €60,618 | +€17,469 | +40.5% |
| Income taxes | 67/77 | €9,641 | €16,863 | +€7,222 | +74.9% |
| Profit (loss) for the period | 9904 | €33,508 | €43,755 | +€10,247 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,508 | €43,755 | +€10,247 | +30.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.